Chartwell Investment Partners LLC Has $1.45 Million Position in Delphi Automotive PLC (DLPH)

Chartwell Investment Partners LLC lifted its stake in shares of Delphi Automotive PLC (NYSE:DLPH) by 3.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,690 shares of the auto parts company’s stock after buying an additional 545 shares during the period. Chartwell Investment Partners LLC’s holdings in Delphi Automotive were worth $1,445,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. US Bancorp DE raised its stake in shares of Delphi Automotive by 64.6% in the second quarter. US Bancorp DE now owns 4,924 shares of the auto parts company’s stock valued at $431,000 after buying an additional 1,933 shares during the period. Huntington National Bank raised its stake in shares of Delphi Automotive by 4.7% in the second quarter. Huntington National Bank now owns 1,642 shares of the auto parts company’s stock valued at $144,000 after buying an additional 74 shares during the period. Acadian Asset Management LLC raised its stake in shares of Delphi Automotive by 1,265.2% in the second quarter. Acadian Asset Management LLC now owns 21,352 shares of the auto parts company’s stock valued at $1,871,000 after buying an additional 19,788 shares during the period. Parkwood LLC bought a new stake in shares of Delphi Automotive in the second quarter valued at $309,000. Finally, Benjamin F. Edwards & Company Inc. raised its stake in shares of Delphi Automotive by 24.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,005 shares of the auto parts company’s stock valued at $263,000 after buying an additional 584 shares during the period. 90.47% of the stock is currently owned by institutional investors.

Several brokerages have recently weighed in on DLPH. BidaskClub upgraded Delphi Automotive from a “hold” rating to a “buy” rating in a research report on Friday, September 22nd. Bank of America Corporation upgraded Delphi Automotive from a “neutral” rating to a “buy” rating and set a $120.00 price target for the company in a research report on Monday, November 20th. KeyCorp lifted their price target on Delphi Automotive from $100.00 to $106.00 and gave the company a “buy” rating in a research report on Friday, October 13th. Robert W. Baird reiterated an “outperform” rating and issued a $128.00 price target (up from $110.00) on shares of Delphi Automotive in a research report on Thursday, September 28th. They noted that the move was a valuation call. Finally, Citigroup Inc. lifted their price target on Delphi Automotive from $115.00 to $116.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $102.59.

Delphi Automotive PLC (NYSE DLPH) opened at $100.86 on Friday. Delphi Automotive PLC has a fifty-two week low of $60.50 and a fifty-two week high of $104.09. The company has a quick ratio of 1.22, a current ratio of 1.62 and a debt-to-equity ratio of 1.35. The stock has a market capitalization of $26,812.62, a PE ratio of 14.85, a PEG ratio of 1.17 and a beta of 1.37.

Delphi Automotive (NYSE:DLPH) last released its earnings results on Thursday, November 2nd. The auto parts company reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.10. Delphi Automotive had a return on equity of 57.92% and a net margin of 8.00%. The company had revenue of $4.33 billion during the quarter, compared to analyst estimates of $4.10 billion. During the same quarter in the previous year, the company posted $1.50 EPS. Delphi Automotive’s revenue for the quarter was up 5.9% on a year-over-year basis. research analysts anticipate that Delphi Automotive PLC will post 6.77 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Wednesday, November 8th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date was Tuesday, November 7th. Delphi Automotive’s payout ratio is 22.61%.

In other Delphi Automotive news, Director Gary L. Cowger sold 8,500 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $98.43, for a total transaction of $836,655.00. Following the completion of the transaction, the director now owns 29,960 shares of the company’s stock, valued at approximately $2,948,962.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas W. Sidlik sold 8,475 shares of the company’s stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $103.19, for a total value of $874,535.25. Following the transaction, the director now directly owns 10,564 shares of the company’s stock, valued at approximately $1,090,099.16. The disclosure for this sale can be found here. Corporate insiders own 0.31% of the company’s stock.

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Delphi Automotive Company Profile

Delphi Automotive PLC is a global technology company serving the automotive sector. The Company designs and manufactures vehicle components, and provides electrical and electronic, powertrain and active safety technology solutions to the global automotive and commercial vehicle markets. The Company’s segments include Electrical/Electronic Architecture, Powertrain Systems, and Electronics and Safety.

Institutional Ownership by Quarter for Delphi Automotive (NYSE:DLPH)

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